Why being like YouTube but for Food is not a Business Model
Only YouTube can be YouTube, that’s the common wisdom. And by most accounts YouTube does YouTube very well, which is why other business models that are based on the refrain “we’re going to be like YouTube, but for food (or fashion, or sports, or whatever)” aren’t very original, or likely to succeed in the long term because anyone can come up with the same idea.
Plus, now the basic layout is no longer difficult to reproduce. White-label tech outfits are even providing the basics for free. As reported in TechCrunch:
Create Your Own YouTube, Pray You Can Make Money
“YouTube sold for $1.6 billion. How much will you sell yours for?”
That’s the over-optimistic hook being used by StartYourTube to entice people into setting up branded video sharing sites on its white label platform.
StartYourTube does exactly what the name implies. You can go onto the site, create your own “tube”, customize it with colors and graphics, mask it to your own domain, invite friends, and start loading content. The tubes not only host videos but have sections for pictures, audio files, and blogs as well.
They also look and feel much like YouTube, with most recent, most viewed and most viewed lists. Users can vote and comment on videos; however, there’s no related videos list for each video.
This is entirely a free service with, puzzlingly, no perceivable revenue source for the owners. (Update: As has been noticed by commenters, it’ll actually cost you to raise the limits on how much content can be added to your tube and how many views you can receive). Publishers get to keep 100% 60% of ad revenues and the site is even running a $500 promotional giveaway campaign for the “top tubes”.
So far over 11,000 tubes have been created, including ones for snowboarding and anime. It was perhaps inevitable that a straightforward, white label video sharing platform would arise, especially given the success of other consumer social media platforms like Ning.
But it’s not the first company to give users and businesses more power to curate online videos. Magnify was built around the idea of creating specialized channels around videos hosted elsewhere. Reality Digital, KickApps, and VSocial all provide video hosting services that integrate with existing websites. And now with YouTube’s APIs, the online video gorilla itself is giving developers more control over how videos are managed on the web.
